Economics B A-Level
Average fixed costs
What Average fixed costs means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Average fixed costs
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Reference: Pearson Edexcel
Fixed costs spread over a larger number of units, so that they fall per unit as production volume increases.
Topics that use Average fixed costs
- Conditions that prompt trade (Pearson Edexcel A-Level)
Related terms
- Capacity utilisation
- Domestic competition
- Economies of scale
- Extension strategies
- Fixed costs
- Global supply chains
- International competitiveness
- International trade
Using Average fixed costs in the exam
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